05/16/01: Chad is very far from being libertarian.

Posted By: grundle


According to the Wall Street Journal/Heritage Foundation "2001 Index of Economic Freedom" Chad ranks #120 in terms of how libertarian their economy is. Here are some quotes from the report:

http://database.townhall.com/heritage/index/country.cfm?ID=2 8

The top marginal income tax rate is 65 percent

Private property is subject to government expropriation, although there are few recent examples of nationalization.

Establishing a business is difficult because of Chad’s massive and corrupt government bureaucracy. The state, as the nation’s biggest employer, dominates much of the economy and presents a practical impediment to business establishment.


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